#8958 Development loan - 11.stage (Lithuania) Opened: 07.02.2022

  • #8958 Development loan - 11.stage (Lithuania)
  • #8958 Development loan - 11.stage (Lithuania)
  • #8958 Development loan - 11.stage (Lithuania)
  • #8958 Development loan - 11.stage (Lithuania)
  • #8958 Development loan - 11.stage (Lithuania)
  • #8958 Development loan - 11.stage (Lithuania)
  • #8958 Development loan - 11.stage (Lithuania)
  • #8958 Development loan - 11.stage (Lithuania)
  • #8958 Development loan - 11.stage (Lithuania)
  • #8958 Development loan - 11.stage (Lithuania)
  • #8958 Development loan - 11.stage (Lithuania)
  • #8958 Development loan - 11.stage (Lithuania)
  • #8958 Development loan - 11.stage (Lithuania)
  • #8958 Development loan - 11.stage (Lithuania)
  • #8958 Development loan - 11.stage (Lithuania)
  • #8958 Development loan - 11.stage (Lithuania)
  • #8958 Development loan - 11.stage (Lithuania)
  • #8958 Development loan - 11.stage (Lithuania)
  • #8958 Development loan - 11.stage (Lithuania)
  • #8958 Development loan - 11.stage (Lithuania)
  • #8958 Development loan - 11.stage (Lithuania)
  • #8958 Development loan - 11.stage (Lithuania)
  • #8958 Development loan - 11.stage (Lithuania)
  • #8958 Development loan - 11.stage (Lithuania)
  • #8958 Development loan - 11.stage (Lithuania)
  • #8958 Development loan - 11.stage (Lithuania)
  • #8958 Development loan - 11.stage (Lithuania)
  • #8958 Development loan - 11.stage (Lithuania)
  • #8958 Development loan - 11.stage (Lithuania)
  • #8958 Development loan - 11.stage (Lithuania)
  • #8958 Development loan - 11.stage (Lithuania)
  • #8958 Development loan - 11.stage (Lithuania)
  • #8958 Development loan - 11.stage (Lithuania)
  • #8958 Development loan - 11.stage (Lithuania)

Executive Summary

    • The loan is used to continue construction works.
    • The loan will be repaid from sales revenue of a completed development project.
    • The loan is secured with a first rank mortgage.
    • Member of the management board of the borrower will provide a personal surety in the full mortgage amount.
    • The borrower retains the opportunity to raise additional capital, if necessary, as the collateral value increases.
    • The mortgage was established during a prior financing process and will also cover additional stages of financing.
    • Prior to the next stage of financing, construction supervision must confirm the completed works (if construction has commenced and works have been performed in a considerable amount) and a third party must assess the market value of the collateral.
    • The LTV in 11 stage is 68.4% and can increase to 69.0% in further stages.

Loan Terms

Loan Contract Number

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Quick Overview
68.9% filled, 382 investors €31,061 left
  • Expires 6 days
  • Target €100,000
  • Collateral value €4,295,000
  • LTV 68.4%
  • Projected LTV 69.0%
  • Loan Period 12 months
  • Schedule Type Bullet
  • Mortgage Rank First rank
  • Collateral Type Office building (Commercial)
  • Loan Type Development loan
  • Loan Type Sub-Category Reconstruction
  • Location Lithuania

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